Choose the Right Software for Making Tax Digital
· WOWERI
Find the software you need to report self-employment and property income to HMRC. Learn how to choose the right software for Making Tax Digital.
Introduction to Making Tax Digital
Making Tax Digital is a new way of reporting income for individuals and businesses. HMRC requires all individuals and businesses to use compatible software for income tax reporting.
Choosing Software
To choose the right software, you need to consider the following factors:
- Compatibility: the software must be compatible with the HMRC system
- Functionality: the software must have the necessary features for income tax reporting
- Cost: the cost of the software must be affordable
Recommended Software
HMRC recommends using software that meets the following criteria:
| Software | Compatibility | Functionality | Cost |
|---|---|---|---|
| QuickBooks | Yes | Full | £10/month |
| Xero | Yes | Full | £20/month |
| Sage | Yes | Full | £30/month |
What to do next
- UK Skilled Worker Visa — Order
Not sure it fits? Consultation $150
Source: gov.uk